Aegion Corporation (:
AEGN) today announced that its subsidiary, Insituform Pacific Pty. Limited
(“Insituform Australia”), has been awarded three separate contracts with a
combined value of $8.9 million (USD) from Queensland Urban Utilities.
Queensland Urban Utilities is one of the largest water distributor-retailers
in Australia, providing water and sewerage services to more than 1.3 million
residents in South East Queensland, including Brisbane. Insituform Australia
will install Insituform® CIPP (cured-in-place pipe) product as well as its
proprietary iPlus Infusion® and iPlus® Composite lining technologies. It is
expected all three projects will be completed by mid-2013. Installations
planned in Brisbane's Central Business District will be completed at night to
minimize any potential disruptions to customers.
“We are extremely pleased with our performance and growth in the Brisbane
market since our first sewer rehabilitation project for Brisbane Water in
February 2010,” said Daniel Gamboa, Vice President of Aegion's Asia-Pacific
Water & Wastewater group. “We are very grateful for the faith and confidence
that Queensland Urban Utilities has shown in us. We believe this is another
stepping stone towards further success in the South East Queensland market.”
In Sydney, Insituform Australia was not among the lowest bidders for the
recent Sydney Water four-year tenders. Gamboa remarked, “It was disappointing
to see how far prices dropped during the bidding process. Acquiring these
projects at such low bid margins would have put us in a difficult position to
realize adequate profits from these projects.”
Insituform Australia opened an office in the Brisbane area in September 2012.
The operations group in Brisbane expects to utilize three installation crews
to complete these projects. In addition, it is anticipated that engineering
and office support staff and other project management personnel will join the
Insituform Brisbane office to work on this and future projects.
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